US China Trade War Impact on India
US China Trade War Impact on IndiaIt seems like the trade war between the US and China will never stop, as the news tariff rules and regulation are continuously imposing by Donald Trump, China couldn’t bear it. Both the US and China are completely locked in the battle of trade. From last few years, Bothe the great business economies imposed billions of dollars tariff on the Goods which is really worth and importing, exporting between the two nations.
US President Donald Trump accusing China of a long time for its unfair trade practices in the US and harshing the intellectual property of the nation. China thinks that the US is trying to rise and control over China by imposing the high tariff rates. Both the Countries are not ready to negotiate peacefully, they are trying to raise the duties and enforcing deals.
Such activities by Both countries are not only affecting the health of trade, even its not good for the global economy.
What’s the purpose of tariffs have been imposed?
The US President Donald Trump aim is to increase the US trade in China and want to increase the household trade in US. He is imposing more duties on imported goods from China to make them Costilier in the US, so that people buy the American Good in compare to Imported Chinse goods.
So far, the US has imposed tariffs on more than $360bn (£296bn) of Chinese goods, and China has retaliated with tariffs on more than $110bn of US products.
US China Trade War Impact on India
How the US China Trade War affect the Indian trade and business relationship with both countries. What will be the impact of US China Trade War on India?
Recently in a press conference in Hyderabad Chief Economic Advisor Krishnamurthy Subramanian said, “The ongoing trade war between United States of America and China will not have any impact on Indian export which is just below 2 per cent of the global trade”
He also said, ” slew of measures announced by the Centre for the revival of muted growth in the economy was in the right direction, though it was necessary to focus on the ‘structural reforms.’
The Indian trade experts share their views on US China trade war and said the Indian Share in Global trade is only 2%, Still, we have the great opportunities to grow up our international business with other countries.
So the US China Trade war is negligible for Indian Economy.
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